Exhibit 99.1

 

Jerrick Announces Filing of Its Q1 2020 Financial Results

 

FORT LEE, N.J., May 18, -- Jerrick Media Holdings, Inc. (OTCQB: JMDA) (the “Company” or “Jerrick”), a technology company and the parent company of Vocal, announced the filing of its 10-Q for the fiscal quarter ending March 31, 2020.

 

Financial and Operational Highlights

 

Revenues for the first quarter totaled $293,142. Additionally, the Company generated over $44,000 in deferred revenues, attributable to the amortization of annual Vocal+ subscription revenue. Revenues this quarter were over 8 times those reported for the same period last year, implying continued growth throughout the year and overall exponential growth for 2020 revenues compared to year-end 2019.

 

OpEx in first quarter 2020 were $2,119,091 as compared to $2,773,445 in 4th quarter 2019, representing a 25% decrease in spending.

 

As anticipated, the acquisition of Seller’s Choice in third-quarter 2019 continues to drive earnings, and successfully contributed to over half of the Company’s first-quarter revenues. The Seller’s Choice acquisition is expected to continue to drive earnings growth in subsequent quarters as further revenue synergies are realized. The Company is exploring future agency targets to add to its Seller’s Choice division.

 

In early Q1 2020, the Company introduced creator Challenges, which are themed story contests that incentivize creators with the chance to win cash prizes and other rewards.

 

A global crisis like the 2020 COVID-19 pandemic only further emphasizes how critical a role digital platforms play in society, as government bodies are encouraging social distancing and restricting travel, and employers are widely implementing work-from-home policies. These factors aside, Vocal exists in an environment where the total addressable market (TAM) of the platform was already growing exponentially and, in the current environment, may see even more rapid expansion.

 

Additionally, the Company recommends reading an article recently published by Robby Tal, Jerrick and Vocal’s Head of Business Intelligence, which discusses how the global pandemic is impacting Vocal’s creator community. Further, it underscores how Vocal’s North Star Metric (NSM), how much money creators are earning, is paramount to the success of the platform. Read the full article on Vocal: https://vocal.media/resources/creating-during-covid-19-insights-from-vocal-s-data-science-team

 

 

 

 

 

Safe Harbor Statement

 

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statements speak only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

 

About Jerrick

 

Jerrick Media Holdings, Inc. is the parent company and creator of the Vocal platform. The Company creates technology-based solutions to solve problems for the creative community. Through Vocal, Jerrick identifies and leverages opportunities within the digital platform and content monetization space. Since launching in 2016, Vocal has become home to over 600,000 content creators and brands of all shapes and sizes, attracting audiences across its network of wholly owned and operated communities.

 

Jerrick: https://jerrick.media

 

Jerrick IR: https://investors.jerrick.media

 

Vocal Platform: https://vocal.media

 

Investor Relations Contact: ir@jerrick.media

 

 

 

 

 

View differences made from one to another to evaluate Jerrick Media Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 8-K Corporate News to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Jerrick Media Holdings, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account